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29 Royal Terrace, Alexandra, Central Otago

$695,000

3

1

220m²

792m²

HOME AND COMMERCIAL - ENDLESS POSSIBILITIES

A rare opportunity to secure a fully renovated 1960's home paired with the iconic Terrace Store commercial frontage, offering exceptional flexibility for investors, business owners or those seeking a work from home lifestyle.

Set on a generous 793 m2 section with dual street access, the property features a beautifully updated three bedroom, one bathroom residence boasting a stylish new kitchen, modern family bathroom, separate toilet and excellent heating with a freestanding woodburner. Two plus off-street carparks are an added convenience.

The front of the property, is a 100 m2 (approx.) commercial space, previously trading as The Terrace Store. The shop frontage is in average condition and presents exciting potential for renovation. With a separate entrance and great street exposure, it's ideal for boutique retail, professional offices, consulting rooms, or creative studio space (subject to council approval).

This is a golden opportunity in sunny Alexandra to own a unique property that combines lifestyle, investment, and business possibilities. Properties like this are seldom available in Alexandra. Don't let this pass you by, call today for further information.

Additional details

Type

Home & Income

Property ID

RX4558373

Listed on

14/05/2025

Updated

yesterday

Open Homes1

Sat, 21 Jun

11:00AM - 11:30AM

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

OneRoof mentions

Listed for sale on OneRoof for 36 days (last updated on 14 May) and was last sold in 1991 for $107,000. Its latest rating valuation by Central Otago council is $520,000 as of 2022. There are 50 3-bedroom properties for sale nearby. There are 165 properties for sale in Alexandra.

Property data

Broadband available

Floor area

220m²

Land area

792m²

Type of title

Freehold

About the area

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Time (yrs)

5 yrs

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Alexandra, Central Otago

Alexandra is a suburb which lies within the Territorial Authority of Otago, one of 23 residential suburbs which form the wider region. Alexandra is the largest suburb of Otago in terms of the total number of residential housing stock. Alexandra provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Alexandra is made up of approximately 74% residential housing , 2% residential investment housing and 25% lifestyle properties.

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